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Riordan Manufacturing Case Summary

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Riordan Manufacturing Case Summary
On the surface, Riordan Manufacturing's balance sheet reveals a profitable company with an excellent equity for its stockholders. However, an in-depth analysis reveals some possible concerns with its long term financial health. Over the past three years, Riordan has been relatively stagnant despite consistent investment in a joint venture in the People's Republic of China. In addition, the company continues to carry a significant long term debt without a noticeable attempt to lessen that debt.

Riordan also exhibits possible concerns with its accounts receivables and inventory levels. The company has a receivable turn of 8.67, meaning that it takes and average of 42 days for its customer to pay on its bills. While this falls slightly
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